Asia-Pacific Feed Acidifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Feed Acidifiers Market is segmented by Type (Lactic acid, Propionic acid, Fumaric acid, and Other types), by Animal (Ruminant, Poultry, Swine, Aquaculture, and other animal types) and by Geography (India, China, Japan, Thailand, Australia and Rest of Asia-Pacific).

Market Snapshot

feed acidifiers
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

6 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Asia pacific feed acidifiers market is projected to grow at a CAGR of 6% during the forecast period (2020-2025). Acidifiers in the feed help to control microbial growth, reduction of feed buffer capacity, inhibit pathogenic bacteria and improve nutrient digestibility. The end consumers of feed acidifiers are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and aquaculture industry. Rising meat consumption and production leading to higher feed production in the region is driving the market for acidifiers. The prevalence of artificial substitutes and an unclear regulatory environment put pressure on market growth. The Asia-Pacific feed acidifiers market is a concentrated market with few major players including BASF SE, Novus International, Kemin, Biomin, and Impextraco.

Scope of the report

Acidifiers included in the feed are known to maintain low pH in the livestock preventing diseases, activating digestive enzymes, and promoting the homogenous blending of the feed. They are also known to substitute the effects of certain antibiotics. These benefits combined with rising awareness, preference in quality, and concerns about the health of livestock have fuelled the growth of the acidifiers market.

Type
Lactic Acid
Propionic Acid
Fumaric Acid
Others
Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Geography
China
India
Japan
Australia
Rest ofAsia-Pacific

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Protein Rich Food

Increasing disposable income of the population and rising consumer health awareness towards protein-enriched products such as milk, eggs, and meat are the key factors influencing the growth of the Asia-Pacific feed acidifiers market. According to the Department of Animal Husbandry and Dairying, in 2019, egg production in India was approximately 103.32 billion and about 187.75 million tons of milk production. The per capita availability of milk and egg is 394 grams and 79 eggs per annum respectively in India. According to the Organization for Economic Co-operation and Development (OECD), in 2019 per capita pork meat consumption was 29.3 Kg as compared to 30.4 Kg in 2018, whereas poultry meat consumption in 2019 was 12.1 Kg in 2019 as compared to 11.6 Kg in 2018 in China. Thus, growing meat consumption has led to higher meat and feed production indicating in the growth of acidifiers market which is added in the feed as additives.

Asia-Pacific Feed Acidifiers Market

To understand key trends, Download Sample Report

Rising Feed Production

Acidifiers have been a suitable alternative for improving nutrient digestibility. Organic acids are supposed to lower the pH of the chyme and thereby enhance the protein digestibility. Supplementation of the mixture of Acidifiers in the broiler birds’ diet may lead to an increase in overall digestibility. The poultry industry is increasing every year to meet the growing demand for products including egg and meat that leads to an increase in the consumption of feed. According to the Food and Agriculture Organization (FAO), in 2016, the poultry bird population was 14350.87 million that has increased to 14971.22 million in 2018. According to the Alltech feed survey, in 2019, the feed production in India was 39 million metric tons of which feed for poultry amounted to approximately 24.9 million metric tons followed by dairy feed amounting to 11.58 million metric tons. Thus the increased feed production in the region will drive the market for the feed acidifiers market.

Asia-Pacific Feed Acidifiers Market

To understand geography trends, Download Sample Report

Competitive Landscape

The Asia-Pacific feed acidifiers market is a concentrated market with few major players including BASF SE, Novus International, Kemin, Biomin, and Impextraco. The most adopted strategies by these major players to expand their business are mergers and acquisitions, expansions and investments in R&D. In March 2019, Impextraco launched the product Acidal NC, acidifier product with a combination of organic acids, salts, and oregano extract in partnership with TwoHands Cooper

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Lactic Acid

      2. 5.1.2 Propionic Acid

      3. 5.1.3 Fumaric Acid

      4. 5.1.4 Others

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Australia

      5. 5.3.5 Rest ofAsia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Kemin Industries Inc.

      3. 6.3.3 DSM Nutritional Products AG

      4. 6.3.4 Impextraco

      5. 6.3.5 Novus International

      6. 6.3.6 Jianming Industrial Company

      7. 6.3.7 Archer Daniels Midland Co.

      8. 6.3.8 Biomin

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Asia-Pacific Feed Acidifiers Market market is studied from 2016 - 2026.

The Asia-Pacific Feed Acidifiers Market is growing at a CAGR of 6% over the next 5 years.

  • Novus International
  • Impextraco
  • Biomin
  • BASF SE
  • Kemin Industries

Are the major companies operating in Asia-Pacific Feed Acidifiers Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!